Freedom Investment Management Inc. Purchases New Shares in ProShares Ultra QQQ (NYSEARCA:QLD)

Freedom Investment Management Inc. acquired a new stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 18,981 shares of the company’s stock, valued at approximately $1,911,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group lifted its stake in shares of ProShares Ultra QQQ by 36.5% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,144 shares of the company’s stock worth $114,000 after acquiring an additional 306 shares during the last quarter. WealthShield Partners LLC bought a new position in ProShares Ultra QQQ in the second quarter worth approximately $152,000. CWM LLC purchased a new position in ProShares Ultra QQQ during the 2nd quarter worth $163,000. Commonwealth Equity Services LLC purchased a new stake in shares of ProShares Ultra QQQ in the 2nd quarter worth $217,000. Finally, Headlands Technologies LLC grew its position in shares of ProShares Ultra QQQ by 200.9% during the 2nd quarter. Headlands Technologies LLC now owns 2,227 shares of the company’s stock worth $222,000 after buying an additional 1,487 shares in the last quarter.

ProShares Ultra QQQ Trading Up 1.0 %

Shares of ProShares Ultra QQQ stock opened at $108.17 on Wednesday. The stock’s fifty day moving average price is $102.82 and its 200-day moving average price is $97.89. The firm has a market cap of $7.40 billion, a P/E ratio of 25.00 and a beta of 2.55. ProShares Ultra QQQ has a 12 month low of $66.49 and a 12 month high of $111.20.

About ProShares Ultra QQQ

ProShares Ultra QQQ (the Fund), formerly Ultra QQQ ProShares, seeks daily investment results that correspond to twice the daily performance of the NASDAQ-100 Index. The NASDAQ-100 Index represents the largest non-financial domestic and international issues listed on The NASDAQ Stock Market. To be eligible for inclusion, companies cannot be in bankruptcy proceedings and must meet certain additional criteria, including minimum trading volume and seasoning requirements.